What can SOL be used for?

Modified on Thu, 16 Feb 2023 at 08:53 PM

SOL is the Native Currency on the Solana network, so it can be used as an intermediary for exchanging goods or services. Also, SOL can be used for a fee transfer or the DeFi services built on Solana.

In addition, SOL coin holders can stake or lock SOL coins on the Solana network to help verify transactions or choose a validator and get rewarded with SOL coins.

In the Tokenomics, or coin ecosystem, there can be a maximum of 504,506,326 SOL coins in circulation, but currently, there are approximately 296,967,345 coins.

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